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XMR (Monero) rose 2.41% in 24 hours.
Gate News Bot news, on November 18, according to CoinMarketCap data, as of the time of writing, XMR (Monero) is currently priced at 404.35 USD, with a rise of 2.41% in the last 24 hours, reaching a high of 437.03 USD and a low of 361.22 USD. The 24-hour volume is 227 million USD. The current market capitalization is approximately 7.459 billion USD, an increase of 176 million USD compared to yesterday.
Monero is a private, decentralized cryptocurrency that protects users' financial privacy and security. It offers completely confidential and untraceable transaction capabilities. Monero has an active developer community dedicated to continuously improving its privacy technologies and features. Users can obtain and use XMR through official wallets or exchanges, and it can be used to purchase goods and services.
Important news about XMR recently:
1️⃣ Privacy is under significant attention, the value of XMR is highlighted As the demand for privacy and security in the cryptocurrency market continues to grow, Monero, as a leading privacy coin, is gaining more recognition for its technological advantages and application value. This trend may be one of the important factors driving the rise in XMR prices.
2️⃣ Technology development continues to advance The Monero development team has been actively improving its privacy technologies and features. Recent technical updates may include enhancements in transaction processing efficiency and privacy protection mechanisms, and these advancements contribute to enhancing the overall competitiveness of XMR.
3️⃣ Market Demand Rise The demand for privacy transactions in the cryptocurrency market is rising. As one of the leading privacy coins, Monero is benefiting from this trend, attracting more users and investors' attention, thus supporting its price performance.
From a technical perspective, XMR has maintained its upward momentum after breaking through the $400 mark and may seek new support in the $420-$440 range in the short term. However, considering the high volatility of the cryptocurrency market, investors should still cautiously monitor market changes.
This message is not intended as investment advice; investors should be aware of market volatility risks.